Mixed-Use Zoned Retail
846 S Hotel Street # 101 & 103, Honolulu, HI 96813
For Sale
New
$595,000
BMX-3 zoning supports business and long-term residential use, subject to verification.
Property Size1,168 SF
Price / SF$509.42
Days on Market4
Property Features for 846 S Hotel Street # 101 & 103
General Information
Standard status
Size
Total Parking Spaces
Zoning
Site & Location
Neighborhood
Additional Details
Currently Operating
Taxes and HOA fees
Annual Taxes
Amenities
Central Air Conditioning
Split Air units
restroom
Security Alarm
Water Heater
Full Washer and Dryer
Concrete
1
true
16278
Assigned,On Site
City Street
1168
Building Details
Building Size
Year Built
Stories
Listing Agency:
(808) 201-2940
Listed By:
Margaret Lim
Source:
Praisegodrealty
Added: Nov 7
Last Checked: Nov 9 at 9:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Margaret Lim
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Investment Insights
Based on property information with market context.
This fee-simple retail property combines units 101 and 103 at 846 S Hotel Street in Honolulu. The 1,168-square-foot space, built in 1935, is currently occupied by a hair salon and includes a restroom, central and split-system air conditioning, a security alarm, water heater, and full washer and dryer. One assigned parking stall is included.
The property is zoned BMX-3 Community Business Mixed Use. Business and long-term residential use are identified as possible uses, subject to verification for the intended use.
The property is zoned BMX-3 Community Business Mixed Use. Business and long-term residential use are identified as possible uses, subject to verification for the intended use.
Key Highlights
- 1,168‑square‑foot fee‑simple property comprising units 101 and 103
- BMX‑3 Community Business Mixed Use zoning
- Currently used as a hair salon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,916
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,320
$618.3K
Cap Rate 7%
$441,657
$441.7K
Cap Rate 9%
$343,511
$343.5K
Market Conditions
NOI Build-Up for 1,168 SF
Gross rent
$46.4K $39.72/SF
− Vacancy
−$2.2K −$1.91/SF
EGI
$44.2K $37.81/SF
− OpEx
−$13.2K −$11.34/SF
NOI
$30.9K $26.47/SF
Area
Honolulu County, HI
Vacancy
4.80%
Lease Rate
$39.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,320
Cap Rate 7%
$441,657
Cap Rate 9%
$343,511
Alternative Uses
Best Use
Retail
$441.7K
$386.5K – $515.3K
NOI $30,916 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$473.2K
$414.1K – $552.1K
NOI $33,125 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Demographics for 96813, HI
27,372
Population
13,511
Households
2
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
7,603
Density / Sq Mi
$87,799
Median Household Income
$57,619
Median Earnings
$1,821
Median Rent
$804,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Honolulu, HI
Properties on Market for Retail space in Honolulu
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - BMX-3 zoning supports business and long-term residential use, subject to verification.
Where is this retail space located?
The property is located at 846 S Hotel Street # 101 & 103 Honolulu, HI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1,168‑square‑foot fee‑simple property comprising units 101 and 103; BMX‑3 Community Business Mixed Use zoning; Currently used as a hair salon
